The Federal Reserve
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CaptainSeeSharp wrote:
he Federal Reserve determines what the average persons car payment is going to be, what their house payment is going to be, and whether they have a job or not.
That's arguable as being a version of the truth, I guess.
CaptainSeeSharp wrote:
What does proverbs tell us? That the borrower is servant to the lender.
I doubt you've ever read proverbs, where did you copy and paste this from ? The fact is, the Federal Reserve was created because it was better than what was before, as you say. So, the issue is mostly the US obsession with small government. Which is ironic.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
The fact is, the Federal Reserve was created because it was better than what was before, as you say.
I never said that, and that is simply your ignorant opinion. Do you really want to get into this again? I have enough information to completely overpower you.
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Christian Graus wrote:
The fact is, the Federal Reserve was created because it was better than what was before, as you say.
I never said that, and that is simply your ignorant opinion. Do you really want to get into this again? I have enough information to completely overpower you.
Is this like when you threatened to overpower me with info on GM and ran like a little girl ? Let me finish my book. I just wanted to comment that I happen to be reading one. If I will bother trying to get you to engage long enough to have an actual discussion, remains to be seen. You also ignored my main comment - the banking system in the US is the result of the obsession with 'small government', thus allowing big business to take control of the country. Aren't you one of the people who complains about big government ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Is this like when you threatened to overpower me with info on GM and ran like a little girl ? Let me finish my book. I just wanted to comment that I happen to be reading one. If I will bother trying to get you to engage long enough to have an actual discussion, remains to be seen. You also ignored my main comment - the banking system in the US is the result of the obsession with 'small government', thus allowing big business to take control of the country. Aren't you one of the people who complains about big government ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
the banking system in the US is the result of the obsession with 'small government', thus allowing big business to take control of the country. Aren't you one of the people who complains about big government ?
That is total bullshit. The constitution says congress has the authority to coin money, which means congress is supposed to create and control the currency of the US. The Fed was mainly to blame for the Great Depression. This is well documented and known. The Federal Reserve claims to manage our money; instead it makes our money worth less and less every day. It has generated continuous and worsening business cycles and lowered our living standards. Money is supposed to serve as a reliable standard of economic value, not a source of instability. Until we restore sound money and take away the private corporation's (Fed) ability to debase it, we have little hope of restoring the freedom and prosperity that made America great. That is why the power that they have belongs in the hands of congress. Again, your not getting the big picture. The right to "coin" money belongs in the hands of the congress answerable to the people and regulated and restricted by law. Not this debt-based currency where a private corporation with its own interests has total power over the economy. The claim that the Fed is accountable to the government is false. The reports to Congress mean little unless what the Chairman reports can be verified by complete records. From its inception, the Fed has never undergone a complete independent audit. Congress time after time has requested that the Fed voluntarily submit to a complete audit, and every time, it refuses. As you can clearly see with these two congressional interviews with the Ben Benarke, the Fed is clearly being secretive about how it is handling all of American's wealth. CSPAN 1[^] CSPAN 2[^] Monetary policy should be the responsibility of publicly accountable officials, not delegated to an independent, self-perpetuating board that is not accountable to anyone. All history shows that no society has been able to endure usury, as we can clearly see today. Banking establis
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Christian Graus wrote:
the banking system in the US is the result of the obsession with 'small government', thus allowing big business to take control of the country. Aren't you one of the people who complains about big government ?
That is total bullshit. The constitution says congress has the authority to coin money, which means congress is supposed to create and control the currency of the US. The Fed was mainly to blame for the Great Depression. This is well documented and known. The Federal Reserve claims to manage our money; instead it makes our money worth less and less every day. It has generated continuous and worsening business cycles and lowered our living standards. Money is supposed to serve as a reliable standard of economic value, not a source of instability. Until we restore sound money and take away the private corporation's (Fed) ability to debase it, we have little hope of restoring the freedom and prosperity that made America great. That is why the power that they have belongs in the hands of congress. Again, your not getting the big picture. The right to "coin" money belongs in the hands of the congress answerable to the people and regulated and restricted by law. Not this debt-based currency where a private corporation with its own interests has total power over the economy. The claim that the Fed is accountable to the government is false. The reports to Congress mean little unless what the Chairman reports can be verified by complete records. From its inception, the Fed has never undergone a complete independent audit. Congress time after time has requested that the Fed voluntarily submit to a complete audit, and every time, it refuses. As you can clearly see with these two congressional interviews with the Ben Benarke, the Fed is clearly being secretive about how it is handling all of American's wealth. CSPAN 1[^] CSPAN 2[^] Monetary policy should be the responsibility of publicly accountable officials, not delegated to an independent, self-perpetuating board that is not accountable to anyone. All history shows that no society has been able to endure usury, as we can clearly see today. Banking establis
CaptainSeeSharp wrote:
The Fed was mainly to blame for the Great Depression. This is well documented and known.
Only in your mind, sir.
Check out the CodeProject forum Guidelines[^] The original soapbox 1.0 is back![^]
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Christian Graus wrote:
the banking system in the US is the result of the obsession with 'small government', thus allowing big business to take control of the country. Aren't you one of the people who complains about big government ?
That is total bullshit. The constitution says congress has the authority to coin money, which means congress is supposed to create and control the currency of the US. The Fed was mainly to blame for the Great Depression. This is well documented and known. The Federal Reserve claims to manage our money; instead it makes our money worth less and less every day. It has generated continuous and worsening business cycles and lowered our living standards. Money is supposed to serve as a reliable standard of economic value, not a source of instability. Until we restore sound money and take away the private corporation's (Fed) ability to debase it, we have little hope of restoring the freedom and prosperity that made America great. That is why the power that they have belongs in the hands of congress. Again, your not getting the big picture. The right to "coin" money belongs in the hands of the congress answerable to the people and regulated and restricted by law. Not this debt-based currency where a private corporation with its own interests has total power over the economy. The claim that the Fed is accountable to the government is false. The reports to Congress mean little unless what the Chairman reports can be verified by complete records. From its inception, the Fed has never undergone a complete independent audit. Congress time after time has requested that the Fed voluntarily submit to a complete audit, and every time, it refuses. As you can clearly see with these two congressional interviews with the Ben Benarke, the Fed is clearly being secretive about how it is handling all of American's wealth. CSPAN 1[^] CSPAN 2[^] Monetary policy should be the responsibility of publicly accountable officials, not delegated to an independent, self-perpetuating board that is not accountable to anyone. All history shows that no society has been able to endure usury, as we can clearly see today. Banking establis
CaptainSeeSharp wrote:
The Fed was mainly to blame for the Great Depression. This is well documented and known.
What a pile of ignorant crap. The main issues were a massive bubble, a young system that was not geared to deal with it, and the dust bowl at the same time, which killed the growth of food at a time when there was also no money.
CaptainSeeSharp wrote:
instead it makes our money worth less and less every day.
This is also ignorant BS.
CaptainSeeSharp wrote:
lowered our living standards
I'm sorry yours is lowering. Mine gets better every year.
CaptainSeeSharp wrote:
Monetary policy should be the responsibility of publicly accountable officials, not delegated to an independent, self-perpetuating board that is not accountable to anyone
So, big government ?
CaptainSeeSharp wrote:
It looks like you have a ton more research ahead of you, not only about banking but about what American principles are.
The spelling errors are the only reason I think you may have written some of this yourself.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
The Fed was mainly to blame for the Great Depression. This is well documented and known.
Only in your mind, sir.
Check out the CodeProject forum Guidelines[^] The original soapbox 1.0 is back![^]
Wow, this was there when my post came up. I've never posted exactly the same moment as someone else before. Yeah, to blame the Fed for the depression is a pretty amazing assertion.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
The Fed was mainly to blame for the Great Depression. This is well documented and known.
Only in your mind, sir.
Check out the CodeProject forum Guidelines[^] The original soapbox 1.0 is back![^]
EliottA wrote:
Only in your mind, sir.
Get a grip on reality. I have thoroughly researched the federal reserve and the history of central banks around the world.
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EliottA wrote:
Only in your mind, sir.
Get a grip on reality. I have thoroughly researched the federal reserve and the history of central banks around the world.
No, you haven't.
Check out the CodeProject forum Guidelines[^] The original soapbox 1.0 is back![^]
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EliottA wrote:
Only in your mind, sir.
Get a grip on reality. I have thoroughly researched the federal reserve and the history of central banks around the world.
youtube videos are still not research. This is what you do. 'I am so smart, I've done the research'. BS. Explain how the Fed created the depression. Explain how it's lowered living standards. All you do, is say what you believe, and expect us to buy it. You're not even remotely that credible.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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No, you haven't.
Check out the CodeProject forum Guidelines[^] The original soapbox 1.0 is back![^]
EliottA wrote:
No, you haven't.
Riiight.. :rolleyes: The institution that has complete control over the currency can't create bubbles and steal wealth. My god how ignorant can you be?
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Wow, this was there when my post came up. I've never posted exactly the same moment as someone else before. Yeah, to blame the Fed for the depression is a pretty amazing assertion.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Booms and busts are created by the fed, to extract real wealth from the economy. Its kind of like a big wave washing inland and as it goes back into the ocean it pulls out a lot of material with it.
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EliottA wrote:
No, you haven't.
Riiight.. :rolleyes: The institution that has complete control over the currency can't create bubbles and steal wealth. My god how ignorant can you be?
How on earth does controlling a currency create a bubble ? Do you even know what a bubble is ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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How on earth does controlling a currency create a bubble ? Do you even know what a bubble is ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
How on earth does controlling a currency create a bubble ? Do you even know what a bubble is ?
Are you truly that ignorant or are you just trolling? The fed can create new money out of thin air with the push of a button, then loan that out to other banks and corporations with interest attached.
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The problem is that since 1864, we've had a debt-based banking system. All our money is based on government debt. We can not extinguish government debt without extinguishing our money supply. That's why talk of paying of the national debt, without reforming our banking system, is an impossibility. That's why the solution does not lay in discussing the size of national debt. Rather it lays in reforming out banking system. We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the US and has practically bankrupted our Government. It has done this through the corrupt practices of the moneyed vultures who control it. The Federal Reserve really, even though it is not part of the federal government, it is more powerful than the federal government. It's more powerful than the president, the congress and the courts. And a lot of people challenge me on that, but, let me prove my case. The Federal Reserve determines what the average persons car payment is going to be, what their house payment is going to be, and whether they have a job or not. And I submit to you that that's total control. And the Federal Reserve is the largest single creditor of the US government. What does proverbs tell us? That the borrower is servant to the lender.
CaptainSeeSharp wrote:
All our money is based on government debt. We can not extinguish government debt
Governments have, from time to time, large projects and contracts to service. Taxation received doesn't come in equal portions. Some of these projects/contracts are larger than some of the taxation receipts consequently to satisfy such large expenditures it is necessary for government to borrow the required funds. This borrowing is done via the services provided by the Federal Reserve. This borrowing of course attracts interest which must be paid when it is contractually obligated so to do, and sometimes the interests is so large that new borrowing becomes necessary to cover such interest payments, again taxation receipts may not large enough. But not always can the capital that was borrowed can be re-payed and with future projects/contracts coming on-stream government debt can rise to alarming levels. So you just cannot extinguish government debt now or in the future. Such projects/contracts do not allow you that privilege. And extinguishing the money supply will also hurt Main Street as well as Wall Street far more than any recession would. If you really want to reform banking practices, you need international consensus. It is not something you can really do in isolation.
CaptainSeeSharp wrote:
That the borrower is servant to the lender
Also remember this ... If you borrow from the bank £1000 then it is your problem. But if you borrow from the bank £1M then that becomes the bank's problem. Why? if you go bankrupt, £1M will hurt a damned sight more than £1000. So your proverb is not always a truthful representation of reality.
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Christian Graus wrote:
How on earth does controlling a currency create a bubble ? Do you even know what a bubble is ?
Are you truly that ignorant or are you just trolling? The fed can create new money out of thin air with the push of a button, then loan that out to other banks and corporations with interest attached.
So what ? Are you dense ? Let me spell it out for you. People buy stuff to invest. They borrow to do that. So long as people borrow, the fed keeps printing the stuff. Now, sometimes people get caught up in paying more for things than they are worth, because of the overall expectation of rising prices. Some people borrow to invest. When a bank decides it's losing money, or the cycle gets out of control, they can tighten who they will lend to, purely to protect themselves. This is how a bubble bursts. Printing money does not create a bubble, incautious buyers and general mania does. Banks do not plan these things, people do, by deciding what they will pay for something, and how wise they will be in the loans they apply for.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
All our money is based on government debt. We can not extinguish government debt
Governments have, from time to time, large projects and contracts to service. Taxation received doesn't come in equal portions. Some of these projects/contracts are larger than some of the taxation receipts consequently to satisfy such large expenditures it is necessary for government to borrow the required funds. This borrowing is done via the services provided by the Federal Reserve. This borrowing of course attracts interest which must be paid when it is contractually obligated so to do, and sometimes the interests is so large that new borrowing becomes necessary to cover such interest payments, again taxation receipts may not large enough. But not always can the capital that was borrowed can be re-payed and with future projects/contracts coming on-stream government debt can rise to alarming levels. So you just cannot extinguish government debt now or in the future. Such projects/contracts do not allow you that privilege. And extinguishing the money supply will also hurt Main Street as well as Wall Street far more than any recession would. If you really want to reform banking practices, you need international consensus. It is not something you can really do in isolation.
CaptainSeeSharp wrote:
That the borrower is servant to the lender
Also remember this ... If you borrow from the bank £1000 then it is your problem. But if you borrow from the bank £1M then that becomes the bank's problem. Why? if you go bankrupt, £1M will hurt a damned sight more than £1000. So your proverb is not always a truthful representation of reality.
Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people. From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation. Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government. Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy. In fact, Congress' constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning t
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EliottA wrote:
Only in your mind, sir.
Get a grip on reality. I have thoroughly researched the federal reserve and the history of central banks around the world.
have you ever thought of researching both sides of an argument? from what i have read of your post they are always purely onesided, pleaset take a step back take the premise of you of your posts and look at the otherside. a good idea is to take the opposing point of view and try to construct an argumement against your poit of view, if you cannot do this then this is a sign that you ar not objective and you are being a moron (there is ALLWAYS another point of view) then take your argument and see if it has merit it may change your world
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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So what ? Are you dense ? Let me spell it out for you. People buy stuff to invest. They borrow to do that. So long as people borrow, the fed keeps printing the stuff. Now, sometimes people get caught up in paying more for things than they are worth, because of the overall expectation of rising prices. Some people borrow to invest. When a bank decides it's losing money, or the cycle gets out of control, they can tighten who they will lend to, purely to protect themselves. This is how a bubble bursts. Printing money does not create a bubble, incautious buyers and general mania does. Banks do not plan these things, people do, by deciding what they will pay for something, and how wise they will be in the loans they apply for.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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have you ever thought of researching both sides of an argument? from what i have read of your post they are always purely onesided, pleaset take a step back take the premise of you of your posts and look at the otherside. a good idea is to take the opposing point of view and try to construct an argumement against your poit of view, if you cannot do this then this is a sign that you ar not objective and you are being a moron (there is ALLWAYS another point of view) then take your argument and see if it has merit it may change your world
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
What one has to understand is that from the day the constitution is adopted, right up to today, the folks who profit from privately owned banks, as Madison called them The Money Changers, had fought a running battle for control of who gets to print America's money. Why is who prints the money so important? Think as money is just another commodity. If you have a monopoly on a commodity that everyone needs, everyone wants, and nobody has enough of, there are lot's of ways to make a profit and also excerpt tremendous political influence. That's what this battle is all about. Throughout the history of the United States, the money power has gone back and forward between congress and some sort of privately owned central bank. The Founding Fathers knew the evils of a privately owned central bank. First of all they had seen how the privately owned British central bank, The Bank of England, had run up the British national debt to such an extent that parliament had been forced to place unfair taxes on the American colonies. In fact, as we will see later, Benjamin Franklin claimed that this was the real cause of the American Revolution. Most of the founding fathers realised the potential dangers of banking and feared bankers accumulation of wealth and power. Thomas Jefferson put it this way: "I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs." "Thomas Jefferson" That distinct statement of Jefferson is in fact the solution to all our economic problems today. It bears repeating: the issuing power should be taken from the banks and restored to the people to whom it properly belongs. James Madison, the main author of the constitution agreed. Interestingly, he called those behind the central banks scheme, Money Changers. Madison strongly criticised their actions: "History records that The Money Changers used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money, and its issuance." "James Madison" The battle over who gets to issue our money has been the pivotal issue throughout the history of the United States. Wars are fought over it. Depressions are caused to acquire it. Yet after WWI, this battle was rarely mentioned in the news papers or history books. Why? By WWI, The Money Changers with their dominant wealth had seized control of most of the nations press. Throughout US histor
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Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people. From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation. Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government. Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy. In fact, Congress' constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning t
CaptainSeeSharp wrote:
Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people.
sorry but wrong, this was happening before the fed existed in fact the fed has by all accounts reduced this
CaptainSeeSharp wrote:
With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation.
sorry but without a fed and the surrounding infrastructure ther will be no companies able to produce anything for export, and the only way to have a completely stable currency is to be a/ complete world control .. or b/ completely islolated
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.